SA Global Advisors advises Algorhythm on its strategic exit to Delhivery, a leading Logistics Service Provider(NSE: DELHIVERY).
20th December 2022 | Press Release
SA Global Advisors (‘SA’), a leading M&A advisory firm focused on the Digital and Technology Ecosystem, is pleased to announce its successful transaction in the Supply chain Software sector, serving as an exclusive advisor to Algorhythm on its Sale to Delhivery(NSE: DELHIVERY), a Leading Logistics Service Provider to enhance its integrated supply chain solutions offering. The firm continues to see an uptick in opportunities to bring strategic growth capital or shape successful exits for its clients’ within the current environment and also announced an expansion of focus on further investments in the Logistics and Supply Chain segment, driven by strong interest from strategic investors.
The strategic acquisition of Algorhythm will help Delhivery(NSE: DELHIVERY) improve its supply chain business, offering value-added services to its customers while optimising costs. Delhivery provides a full suite of logistics services such as express parcel transportation, freight, freight, cross-border, supply chain, and technology services, covering a network of over 18,400 pin codes in the country. It works with over 28,000 customers, including large and small e-commerce participants.
Founded in 2003 by Abhaya Borwankar, Ajit Singh, and Sandeep Pendurkar, Algorhythm offers end-to-end supply chain planning and execution products to clients across FMCG, pharma, steel, auto and telecom sectors, through its proprietary Rhythm 3.0 platform. The offerings include network design, inventory planning, demand planning, sales and operations planning (S&OP), logistics planning, and route planning. It also offers solutions for sales and distribution including last-mile sales route planning, last-mile delivery planning besides factory planning and scheduling, and manufacturing execution systems.
“Algorhythm Tech’s Supply Chain Management (SCM) software products will enhance our Supply Chain Solutions offering with value-added services and also drive cost optimization in service delivery," said Sandeep Kumar Barasia, the chief business officer of Delhivery. “These SCM products are increasingly becoming vital for supply chain planning and optimization and our clients will have the option of availing the benefits of these as part of our Integrated Solutions Platform."
“Delhivery has made great strides to emerge as the largest logistics provider in India in a decade and we can think of no better team or company to work with to accelerate our joint vision for the future," said Ajit Singh, Co-founder, Algorhythm Tech.
This transaction highlights SA's focus and role as a trusted M&A advisor and partner to entrepreneurs looking to accelerate inorganic growth and make profitable bets in the Retail & Supply chain Software space.
Pravin Advani, Managing Partner, and Co-founder, SA Global Advisors said, “We are excited about the proprietary platform and SaaS-based solution Algorhythm has built and the significant opportunities that can be created through the scale, reach and Go-To-Market that Delhivery brings to this combination. I am Thankful to the multiple teams across Delhivery and Algorhytm who played a crucial role to support SA in this engagement and assist with the seamless execution of this transaction with Delhivery.”
Learn more about how SA is helping companies in the Digital and Tech ecosystem transform growth at https://www.saglobaladvisors.com/.
Delhivery is India's largest fully-integrated logistics services provider. With its nationwide network covering over 18,400 pin codes, the company provides a full suite of logistics services such as express parcel transportation, PTL freight, TL freight, cross-border, supply chain, and technology services. Delhivery has successfully fulfilled over 1.7 billion shipments since inception and today works with over 28,000 customers, including large & small e-commerce participants, SMEs, and other enterprises & brands.
About Algorhythm Tech Pvt. Ltd.
Algorhythm Tech is an innovative Supply Chain Technology company based out of Pune, India. It offers comprehensive supply chain planning & optimization solutions for Industry sectors like FMCG, Pharma, Steel, Auto, Telecom etc. through its proprietary, AI-powered SaaS platform, rhythm 3.0. Rhythm 3.0 consists of unique algorithmic products for delivering substantially higher efficiency in Sales & Operations Planning, Transportation and Network Planning.
SA Global Advisors (SA) is a leading global investment banking firm focused exclusively on growth investments and M&A for the Digital and Technology sectors. The core focus, for SA, is to partner with Entrepreneurs, Institutional Investors and Boards of Directors to envision and execute strategic transactions to transform the growth trajectory of technology companies ($5m to $100m Revenue) in the Digital Transformation, Artificial Intelligence and Data Analytics, Retail & Supply chain software, Cloud Technologies, Product Engineering, IT Consulting and Managed Services sectors.